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Subsequent Events
3 Months Ended
Jun. 29, 2019
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 15, 2019, the Company exercised its right to repurchase the 2007-1 securitized loan portfolio. The Company expects to settle this obligation in August 2019 for $17.5 million in cash, which includes $85,000 in interest and fees. This will result in a reduction in the related Securitized financings liability on the Consolidated Balance Sheet at the time of payment.
On July 29, 2019, the Company signed an agreement to purchase substantially all of the assets and liabilities of Destiny Industries, LLC ("Destiny Homes") for an undisclosed cash amount. The acquisition, which is set to close on August 2, 2019, is subject to the satisfaction of customary closing conditions. The results of operations for this facility is not included in our Consolidated Financial Statements as of and for the three months ended June 29, 2019. Destiny Homes provides affordable manufactured and modular housing from its single manufacturing facility in Moultrie, Georgia to various independent distributors in the Southeastern United States.